CBO: Debt Exploding Under Obama

[pspr]

The Congressional Budget Office said Friday that President Barack Obama’s tax and spending policies will yield $6.4 trillion in deficits over the next decade, more than double the shortfall in CBO’s own fiscal baseline — even after taking credit for reduced war costs.

http://www.politico.com/news/stories/0312/74109.html

 

[rew]

Projections of deficits are always wildly over optimistic so I assume this means we'll actually get an additional $10 trillion in debt over the next ten years.